Warren Buffett: 5 tips on how NOT to invest right nowEveryone knows Warren Buffet is an investing legend. People read his letters and follow his advice on how to invest. But there's only one thing Buffet could offer more valuable than telling you how you should invest…
And that is how not to invest.
In the video below, Warren Buffet tells investors how not to invest right now:
1. Don't stop investing because of global crises you watch on the news. In a crisis or an unavoidable war, the last thing you want to do is to hold cash. You want to own productive assets. "The stock market is going to advance over time," Buffett says.
2. Don't let a falling stock price get you down. If you did the research before you bought a stock… you know it's a good business. If the price falls, use it as an opportunity. Consider buying even more at a greater discount.
3. Don't think you have to be an expert stock picker. There are thousands of companies on the stock exchange. What's important is picking a company that is likely to make more money 10 to 20 years from now.
4. Don't focus on a quick profit. When Buffett was asked how long he holds his stocks… he said, "forever." Look for companies that are well run and not businesses just looking for a quick profit. Buy the house built out of bricks, not the one built out of straw.
5. Don't put your money in Bitcoins for the long-term. It's not a currency… it's not a means of exchange. Buffett says Bitcoin is in a bubble and compares it to tulip mania during the Dutch Golden Age.
http://thecrux.com/warren-buffett-5-tip ... right-now/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"